Vault-13

INNOVATOR ETFS TRUST AOCT

EQUITY DEF PRO 2 · ETP · CUSIP 45784N601

32 institutional holders -7 vs Q3 2025
1,457,8891.5m shares reported held*
$38.7mreported value*
3 new 4 added 14 reduced 11 sold out net sold ≈ $6.8m (-255.0k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $26.57.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q4 24: 25Q1 25: 45Q2 25: 40Q3 25: 39Q4 25: 3232Q4 24Q1 25Q2 25Q3 25Q4 25
Numbers
QuarterHolders
Q4 202425
Q1 202545
Q2 202540
Q3 202539
Q4 202532

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q1 25: 26 bought or addedQ1 25: 7 cut or sold outQ1 25Q2 25: 14 bought or addedQ2 25: 21 cut or sold outQ2 25Q3 25: 20 bought or addedQ3 25: 19 cut or sold outQ3 25Q4 25: 7 bought or addedQ4 25: 25 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2025267
Q2 20251421
Q3 20252019
Q4 2025725

Biggest buyers

Allworth Financial LP New +43,636+43.6k
JPMORGAN CHASE & CO Added +10,735+10.7k
Tradition Wealth Management, LLC Added +3,800+3.8k
UBS Group AG New +3,634+3.6k
ST GERMAIN D J CO INC New +1,977+2.0k
IFP Advisors, Inc Added +500+500
MTM FINANCIAL GROUP, LLC Added +148+148

Biggest sellers

CWM, LLC Reduced -79,698-79.7k
Ashton Thomas Private Wealth, LLC Sold out -33,057-33.1k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -30,819-30.8k
Triad Wealth Partners, LLC Sold out -26,050-26.1k
Orion Porfolio Solutions, LLC Sold out -25,332-25.3k
Encompass More Asset Management Sold out -21,791-21.8k
Brookstone Capital Management Reduced -16,010-16.0k
Legacy CG, LLC Reduced -13,314-13.3k
Ausdal Financial Partners, Inc. Sold out -12,397-12.4k
OLD MISSION CAPITAL LLC Sold out -11,431-11.4k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Legacy CG, LLC 4.90% of their portfolio PLANO, TX 658,204658.2k $17.5m $17.5m 4.90% Reduced -13.3k -13,314
2 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 183,636183.6k $4.9m $4.9m 0.00% Reduced -7.4k -7,436
3 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 104,749104.7k $2.8m $2.8m 0.00% Reduced -1.8k -1,751
4 Brookstone Capital Management 0.02% of their portfolio WHEATON, IL 81,73681.7k $2.2m $2.2m 0.02% Reduced -16.0k -16,010
5 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 64,65664.7k $1.7m $1.7m 0.00% Reduced -3.0k -3,013
6 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 43,63643.6k $1.2m $1.2m 0.00% New
7 Tradition Wealth Management, LLC 0.08% of their portfolio EDINA, MN 39,50539.5k $1.0m $1.0m 0.08% Added +3.8k +3,800
8 Capasso Planning Partners LLC 0.45% of their portfolio CHARLESTON, SC 30,73830.7k $816.7k $816.7k 0.45% Reduced -114 -114
9 CONTINUUM WEALTH ADVISORS, LLC 0.28% of their portfolio SARATOGA SPRINGS, NY 27,02427.0k $718.0k $718.0k 0.28% Reduced -4.0k -4,019
10 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 25,52225.5k $678.1k $678.1k 0.00% Reduced -3.4k -3,354
11 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 25,47425.5k $677.0k $677.0k 0.00% Reduced -3.9k -3,898
12 Selby Wealth Management, LLC 0.26% of their portfolio EMERYVILLE, CA 24,60024.6k $653.6k $653.6k 0.26% First filing
13 KFG WEALTH MANAGEMENT, LLC 0.07% of their portfolio GRANGER, IN 18,79918.8k $499.5k $499.5k 0.07% Reduced -657 -657
14 MTM FINANCIAL GROUP, LLC 0.23% of their portfolio BETHLEHEM, PA 18,01418.0k $478.6k $478.6k 0.23% Added +148 +148
15 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 13,66913.7k $363.2k $363.2k 0.00% Added +10.7k +10,735
16 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 11,96012.0k $317.8k $317.8k 0.00% Unchanged
17 Syntegra Private Wealth Group, LLC 0.03% of their portfolio Chesterfield, MO 11,73511.7k $311.8k $311.8k 0.03% Unchanged
18 Comprehensive Financial Consultants Institutional, Inc. 0.09% of their portfolio Bloomington, IN 11,39111.4k $302.7k $302.7k 0.09% Unchanged
19 INDEPENDENT FINANCIAL GROUP, LLC 0.01% of their portfolio SAN DIEGO, CA 10,00010.0k $265.7k $265.7k 0.01% Unchanged
20 Cypress Wealth Services, LLC 0.03% of their portfolio PALM DESERT, CA 9,0569.1k $240.6k $240.6k 0.03% Unchanged
21 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 7,7847.8k $206.8k $206.8k 0.00% Reduced -16 -16
22 WealthShield Partners, LLC 0.02% of their portfolio CARY, NC 7,7307.7k $205.4k $205.4k 0.02% Unchanged
23 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 7,1257.1k $189.3k $189.3k 0.00% Unchanged
24 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 5,4765.5k $143.5k $143.5k 0.00% Reduced -1.4k -1,413
25 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 3,6753.7k $97.6k $97.6k 0.00% Unchanged
26 UBS Group AG 0.00% of their portfolio ZURICH, V8 3,6343.6k $96.6k $96.6k 0.00% New
27 CWM, LLC 0.00% of their portfolio OMAHA, NE 3,1123.1k $83.0k $83.0k 0.00% Reduced -79.7k -79,698
28 ST GERMAIN D J CO INC 0.00% of their portfolio SPRINGFIELD, MA 1,9772.0k $52.5k $52.5k 0.00% New
29 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 1,3961.4k $37.1k $37.1k 0.00% Reduced -901 -901
30 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 1,2001.2k $31.9k $31.9k 0.00% Added +500 +500
31 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 500500 $13.3k $13.3k 0.00% Unchanged
32 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 176176 $4.7k $4.7k 0.00% Unchanged